Despite processing no crude oil in June this year, Nigeria’s three refineries still cost the country N10.23 billion in expenses, a report published by the Nigerian National Petroleum Corporation (NNPC) on Thursday has shown. The NNPC says the three refineries, located in Warri, Port-Harcourt, and Kaduna, processed no crude because of the rehabilitation works being carried out on them. The Port-Harcourt Refining and Petrochemical Company Limited (PHRC) has the capacity of producing 210,000 barrels per day, Kaduna Refining and Petrochemical Company Limited (KRPC) can produce 110,000 barrels per day while the Warri Refining Petrochemical Company Limited (WRPC) has a 125,000 barrels per day production capacity. “In June 2020, the corporation’s three refineries processed no crude and combined yield efficiency is 0.00% owing largely to on-going rehabilitation works at the refineries. “There was no associated crude plus freight cost for the three refineries since there was no production […]